Hong Kong

Hong Kong

17 Aug 2015
The double-digit throughput decline of Hong Kong’s container terminals continued in July, the 13th straight month of falling year-over-year volumes.
14 Aug 2015
No decision on a block exemption for Hong Kong’s container shipping industry will be made before the new competition law comes into effect on December 14, leaving the container shipping industry in the bizarre position where its activity will be illegal from that date.
10 Aug 2015
The Hong Kong Marine Department has issued a safety notice following the death of a seaman who was killed when a stack of containers tumbled over during a mid-stream offloading operation recently.
10 Aug 2015
OOCL, the core liner business of Orient Overseas (International) Ltd, became the latest container carrier to report a first half net profit based largely on significant cost savings across its global network.
28 Jul 2015
No decision yet has been made on whether Hong Kong’s Competition Commission will grant the liner industry a block exemption from new rules to be enforced from December that will effectively render container shipping activity illegal.
22 Jul 2015
Hutchison Port Holdings Trust recorded a 26 percent fall in net profit in the first half as revenue remained virtually flat and container volumes at its South China terminals rose just 2 percent compared to the first six months of last year.
19 Jul 2015
Calls for an end to China’s cabotage laws have been growing with Maersk Line one of the loudest voices requesting restrictions on foreign carriers operating in the domestic markets be relaxed.
16 Jul 2015
UPS expanded the insurance and logistics services it offers shippers of high-value cargo such as jewelry by acquiring Insured Parcel Services from G4S, a global integrated security company.
16 Jul 2015
The port of Hong Kong reached a dismal milestone in June, posting its 12th consecutive monthly decline in throughput for the first time, handling just shy of 13 percent fewer containers than in the same month last year.
14 Jul 2015
The air freight momentum generated by a solid first quarter has been well and truly lost with the world’s market leader reporting flat growth in June and falling load factors.
07 Jul 2015
Hong Kong’s container throughput could halve in the next decade as a host of factors begin to stack up against the port that has seen a steady decline in volumes over the past year.